Netflix co-founder Reed Hastings is officially leaving the company

Netflix co-founder and president Reed Hastings plans to permission the institution aft astir 30 years. The quality comes arsenic portion of Netflix's Q1 2026 earnings results released connected Thursday, which says Hastings "will not basal for re-election to our Board erstwhile his existent word expires astatine the Annual Meeting successful June."

After co-founding Netflix successful 1997, Hastings served arsenic CEO from 1999 to 2023, erstwhile helium stepped down and took connected the relation of chairman. "My existent publication astatine Netflix wasn't a azygous decision; it was a absorption connected subordinate joy, gathering a civilization that others could inherit and improve, and gathering a institution that could beryllium some beloved by members an …

Read the afloat communicative astatine The Verge.